Business
S’ South Trade Fair Witnesses Low Patronage
Participants at the 1st
South-South International Trade Fair currently going on at the Isaac Boro Park, Port Harcourt say they are witnessing low level of patronage as a result of the nation-wide economic downturn.
They also attributed the situation to low level of publicity given the fair by the organisers.
Some of the participants interviewed expressed fear that they might not realize the transport fare and the registration fee paid to participate in the fair.
According to Mr Peter Njoku, a Ghana-based lady jewelries and costumes dealer, the trade fair was ill-timed coupled with the economic hardship facing not only Nigeria but also the world as a whole.
“This is not the right time for a trade fair such as this to hold. You can see it is very dull compared to the previous ones we use to attend. Another thing is the economic problem in the world, not only Nigeria. It would have been better in December”, he said.
Njoku said that the duration from 10th April to 5th May fixed for the trade fair was too short and called for an extension to enable participants make some sales before going back to their various destinations.
He, however, commended the serene atmosphere in Port Harcourt and called on the general public to visit the trade fair venue and buy their needs at affordable prices, saying they were cheaper than in the market.
Another participant, Mr Ifeanyi Gerald representing Hydrotec International Agency, dealers on water treatment equipment and machines, said that the trade fair was low-keyed as participants did not turn out in a large number, attributing the low turn out to the present economic situation in the country and insecurity in the state.
“People are skeptical and this is the first time the South-South trade fair is holding, the publicity was poor, so many people are not aware of it, but I pray that there should be improvement in the patronage if the duration is extended.
A traditional medicine dealer, Dr Olariwaju Taju who also spoke to The Tide said the organisers of the trade fair, however, did well but there is a very low patronage compared to previous ones held at the venue. He said the economic situation has really affected the fair and “that is why we are not selling as expected”.
“I believe the patronage may improve as people are coming little by little. We want the closing date to be extended”, he stressed and called on the Federal Government to sign and release the 2016 budget for money to circulate and for business to flourish.
Another herbalist, Ahmadu Abdulahi told The Tide that governments in the South-South should show interest in the trade fair, which he observed, did not attract government attention from its commencement.
Shedie Okpara
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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